Looking At The Financial Situation Of Enterprises From Accounts Receivable

The turnover rate of an enterprise can be obtained from the listed companies in its industry.

We can take the medium level of listed companies.

For example, a company's book receivable accounts for 1 billion yuan, and the accounts receivable turnover rate of similar listed companies is 3. We can speculate that the company's sales revenue is 3 billion yuan.

The formula is as follows:

Sales revenue = accounts receivable * accounts receivable turnover rate of =10*3=30 billion yuan

Further, we can analyze and determine the cost of sales:

Generally speaking, from one

The industry and its position in the industry, experienced financial personnel can determine the gross margin of the enterprise.

For example, from the annual reports of listed companies, the gross margin level of Listed Companies in an industry is 40%, and there is little difference in gross margin between listed companies.

According to the understanding, the enterprise is in the front position in the industry, so it can be judged that the gross margin level of the enterprise should also be around 40%.

After the gross profit margin is estimated, it is not difficult for me to calculate the selling cost of the company.

Cost of sales = sales income * (gross margin of 1-)

Based on the above data, we can confirm:

The selling cost is =30* (1-40%) =18 billion yuan.

1. Current assets

Financial personnel can grasp the industry's inventory turnover index by studying the listed companies.

With inventory turnover, it is easy to judge the inventory level of an enterprise.

According to our understanding, we know that the average inventory turnover rate of a company's industry is 2, so we can conclude that the inventory level of the company is:

Average inventory = sales cost / inventory turnover =18/2=9 billion.

The current assets of enterprises are mainly accounts receivable and inventory. If business management is better, the proportion of money and other liquid assets should not be large.

The level of occupancy of money funds depends mainly on the way of payment, bargaining power and fund-raising ability of enterprises.

For enterprises with strong bargaining power, the monetary fund can be relatively conservative. The enterprises that use more silver tickets as payment means generally have higher level of money (margin), and the enterprises with strong fund-raising ability can pay relatively little money.

Therefore, generally speaking, the current assets of an enterprise are equal to accounts receivable plus inventory.

Therefore, it can be approximated by the following companies:

Current assets = accounts receivable + inventory =10+9=19 billion.

Assuming that monetary assets point to 10% of current assets, liquidity assets can be further determined accurately.

Current assets = (accounts receivable + inventory) / (1-10%) =19/0.9=21 billion.

2, long-term assets

Long term assets include fixed assets and intangible assets, and long-term equity investment will only take place when enterprises expand.

So, we don't discuss it here.

The relationship between long-term assets and current assets is the relationship between project and productivity. This can be found in the feasibility study report of enterprises.

That is to say, if we do not consider the factors of outsourcing, the turnover of enterprises will determine the long-term assets of enterprises.

Considering outsourcing processing, we can also judge the amount of long-term assets through the ratio of self production.

For example, an enterprise, a machine equipment worth 1 million yuan, occupying 40 square meters of plant, annual production value of 10 million yuan.

Through the above data, we can calculate that the investment in machinery and equipment of the enterprise is:

Investment in machinery and equipment = annual gross output value / unit annual output value * unit price of equipment

=300000 million yuan /1000 million yuan *100 million yuan =3 billion yuan

Here, the total output value is calculated according to sales volume.

The relationship between long term assets and current assets can also be analyzed by similar listed companies. For example, A listed companies, with annual sales of 5 billion, including 20% of their own production, 200 million of fixed assets and 50 million of intangible assets, can calculate the relationship between enterprise output value and long-term assets:

Long term assets output rate = enterprise gross output value / average long term assets =50*20%/ (2+0.5) =4

According to the industry level and related data, the long-term assets of an enterprise can be calculated.

The long-term assets of enterprises are =30/4=7.5 billion yuan.

3. Total assets

After the determination of current assets and long-term assets, it is not difficult to judge the total assets of enterprises.

Total assets = liquid assets + long-term assets =21+7.5=28.5 billion yuan.